Healthstream Inc

Research Healthstream Inc (HSTM) on Bullrun: valuation model: 19.3% overvalued, market cap USD 978.37M, P/E 46.6, dividend yield 0.4%. Explore financials, valuation history, model signals, and stock context.

Key Metrics

TickerHSTM
ExchangeNASDAQ
CountryUnited States
SectorHealthcare
IndustryHealth Information Services
CurrencyUSD
Valuation signal19.3% overvalued
Market capUSD 978.37M
P/E46.6
Dividend yield0.4%
Financial periodQ2 2026
RevenueUSD 83.73M
Net incomeUSD 6.67M
Free cash flowUSD 5.00M
Gross margin65.3%

Valuation Snapshot

Bullrun's latest valuation model marks Healthstream Inc as 19.3% overvalued; latest market cap is USD 978.37M; P/E is 46.6; dividend yield is 0.4%.

Peer valuation comparison

Latest P/E is 46.61x versus a Healthcare sector median of 24.6x (89.5% above).

Latest dividend yield is 0.41% versus a Healthcare sector median of 1.84% (77.7% below).

Five-year financial history

Year	Revenue	Net income	Free cash flow	Gross margin	Diluted EPS	Cash	Total debt	Equity
FY2025	USD 304.06M	USD 18.34M	USD 59.63M	64.7%	0.61	USD 36.16M	USD 14.68M	USD 354.02M
FY2024	USD 291.65M	USD 20.01M	USD 56.26M	66.4%	0.66	USD 59.47M	USD 17.37M	USD 359.36M
FY2023	USD 279.06M	USD 15.21M	USD 61.77M	65.9%	0.5	USD 40.33M	USD 20.25M	USD 340.75M
FY2022	USD 266.83M	USD 12.09M	USD 49.42M	65.8%	0.39	USD 46.02M	USD 23.32M	USD 334.06M

Valuation history

Year	Snapshot date	Market cap	P/E	Dividend yield	Annual dividend/share
2026	2026-10-12	USD 978.37M	46.6	0.4%	0.14
2025	2025-12-31	USD 682.39M	37.8	0.5%	0.12
2024	2024-12-31	USD 967.74M	48.2	0.4%	0.12
2023	2023-12-29	USD 818.61M	62.9	0.4%	0.12
2022	2022-12-30	USD 759.44M	82.8	n/a	n/a
2021	2021-12-31	USD 825.78M	146.4	n/a	n/a

Dividend history

Latest trailing dividend snapshot: annual dividend/share 0.14 USD, yield 0.4%.

Year	Dividends/share
FY2025	0.12 USD
FY2024	0.11 USD
FY2023	0.1 USD

About Healthstream Inc

HealthStream, Inc. provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company offers hStream, a technology platform; CredentialStream, provides healthcare organizations with tools to support the provider lifecycle management from recruiting, application submission, verification of licensure and other credentials, privileging, appointments by credentialing committees, enrollment, network, management, onboarding, and performance evaluations of providers;

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Frequently asked questions

Is Healthstream Inc overvalued or undervalued?

Bullrun's valuation model currently marks Healthstream Inc as 19.3% overvalued.

What is Healthstream Inc's market cap?

Healthstream Inc's market capitalization is USD 978.37M.

What is Healthstream Inc's P/E ratio?

Healthstream Inc's price-to-earnings (P/E) ratio is 46.6.

Does Healthstream Inc pay a dividend?

Healthstream Inc has a dividend yield of 0.4%.

What does Healthstream Inc do?

HealthStream, Inc. provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States.